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The Latest Breaking News from IFC

World Bank Launches $2 bn Ukraine Private Sector Aid Package

The World Bank on Thursday announced a $2 billion package to support Ukraine's private sector, in a bid to help pave the way for reconstruction amid the devastation resulting from Russia's invasion. The latest package by the International Finance Corporation (IFC), the bank's development arm focused on private-sector development in…

Asharq Al-Awsat

World Bank's private arm launches $2 billion program to help Ukrainian businesses

The World Bank's private investment arm on Thursday said it had launched a $2 billion support package for Ukraine to help build the resilience of the Ukrainian private sector devastated by Russia's war and to prepare for reconstruction.

Reuters

Egypt Close to Deals on 1GW of Solar and Wind Projects

COP27 host Egypt is close to signing final agreements to build two wind and solar projects with combined capacity of a gigawatt (GW) to boost the country's lagging renewable power development. High levels of solar irradiation, strong winds and expanses of desert in which to construct plants mean Egypt has…

Asharq Al-Awsat

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Cornell frat parties on hold; druggings, assault reported

Fraternity parties are temporarily suspended at Cornell University after reports that a student was sexually assaulted over the weekend and four others were reportedly drugged in recent weeks

The Independent UK

TV shows to watch this week: Zoe Saldana takes a back seat to Italy in 'From Scratch'

'From Scratch'

Tribune News Service

Mum who suffered nine miscarriages before baby son urges couples to consider treatment abroad

Pamela Mackenzie finally fell pregnant after travelling to Prague for IVF treatment

Wales Online

Uber files: how World Bank-sponsored research on gender painted the company in a positive light

The recent leak of 124,000 confidential Uber documents has shed light on some of the ethically questionable activities that have arguably helped fuel the ride-hailing company’s global rise. Among allegations of law breaking and the secret lobbying of government figures, the “Uber files” show that the company paid academics to…

The Conversation

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Crowdfunding a lifeline for SMEs

Crowdfunding is a viable solution for small businesses at a time of economic uncertainty, but regulatory support is necessary to promote the growth of the segment, according to Investree, an Asean-based financial technology company.

Bangkok Post

IFC Provides $150 million Blue Syndicated Loan to Bank of Qingdao

The loan will be used to fund sustainable fishery, waste and water treatment and plastic management projects

Caixin Global

Banks give ESG the okay

Banks are continuing to incorporate environmental, social and governance (ESG) factors into their business operations in a push for a sustainable transformation of the economy.

Bangkok Post

Bank of China Joins Four Global Institutions in Green Banking Initiative

Cornerstone banks also include Citigroup, Credit Agricole, HSBC and Standard Chartered in project led by Hong Kong Monetary Authority and International Finance Corporation

Caixin Global

Cambodia’s microloan sector under scrutiny as poor drown in debt

International Finance Corporation’s watchdog is probing claims loans aimed at hard up are harming communities.

Al Jazeera

World Bank's IFC still disbursing funds in Ukraine despite war, chief says

The World Bank's investment arm has continued disbursing funds to some private firms in Ukraine despite the war there and is looking to finance efforts to re-orient the country toward "greening" its economy, the head of the unit said on Wednesday.

Reuters

Summer Movie Calendar: From 'Top Gun 2' to 'Thor 4' and more

Hollywood's summer movie season kicks off Friday with the release of Disney and Marvel's “Doctor Strange in the Multiverse of Madness."

The Independent UK

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Asharq Al-Awsat

‘Lost Daughter’ Wins Top Prizes at Independent Spirit Awards

Maggie Gyllenhaal’s “The Lost Daughter,” “Drive My Car” and “Summer of Soul” were among the big winners at the 37th Film Independent Spirit Awards Sunday. The ceremony hosted by Nick Offerman and Megan Mullally was held in a tent by the beach in Santa Monica, California, broadcast on AMC and…

Tom’s Guide

Philo TV channels, cost, plans and more

Our guide to Philo TV has everything you need to know about the live TV streaming service and cable TV replacement.

The Guardian - US

USC is resuming frat parties after abuse claims - with guards at the door

Ramped up security, risk trainings and compliance reviews part of new policies to be implemented – but will they work?

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